M Squared Ventures Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

M Squared Ventures Limited

Balance Sheet

31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investments	4	125,003	125,003
Current assets
Debtors	5	1,105,951	3,212,500
Creditors: Amounts falling due within one year	6	(2,206,556)	(4,308,005)
Net current liabilities		(1,100,605)	(1,095,505)
Net liabilities		(975,602)	(970,502)
Capital and reserves
Called up share capital	7	10,000	10,000
Profit and loss account		(985,602)	(980,502)
Shareholders' deficit		(975,602)	(970,502)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Mr M B Hornung Director

Company Registration Number: 14109214

M Squared Ventures Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Manor House
Lower Blandford St. Mary
Blandford Forum
Dorset
DT11 9ND

These financial statements were authorised for issue by the Board on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company has taken advantage of the exemptions available under FRS102 Section 1A not to disclose transactions with related parties performed under normal market conditions. The company has taken advantage of the exemption in Financial Reporting Standard 102 chapter 33 “Related Party Disclosure” and has not disclosed transactions with wholly owned group undertakings or wholly owned indirectly by the ultimate controlling party.

Going concern

At the balance sheet date, the company had net liabilities of £975,602 (2023 - £970,502). The existence of net liabilities can indicate a risk of not being able to meet liabilities as they fall due. The company is supported by its parent company, Suflex Limited, which has agreed to provide continued support for at least a period of 12 months following the date of approval of these financial statements. The Board is satisfied that the support of the parent company will enable the company to meet its obligations as they fall due. The financial statements have therefore been prepared on a going concern basis.

M Squared Ventures Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors, and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

M Squared Ventures Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

4	Investments

	2024 £	2023 £
Investments in joint ventures	125,003	125,003